Top News
TD Bank Lends $45.5Mln for Construction of Melbourne, Fla., Apartments
Eastwind Development has lined up $45.5 million of construction financing for the 264-unit Aston at Longleaf apartment property in Melbourne, Fla. TD Bank provided the loan. The Palm Beach Gardens, Fla., developer is constructing the four-building project on a 17-acre...
Legacy CMBS Loan Universe Winds Down; Only $1.02Bln Left
The legacy CMBS universe is nearing extinction, as only $1.02 billion of loans securitized in 2010 or earlier remain in the $636.9 billion CMBS market.
Mesa West Capital Lends $27Mln for Purchase of Seattle-Area Apartments
Commercial Real Estate Direct Staff Report Mesa West Capital has provided $27 million of financing to facilitate Timberlane Partners' $37 million, or $406,593/unit purchase of the 91-unit Vista Ridge apartment property in the Seattle suburb of Issaquah, Wash. The Seattle...
RISE Lines Up $101Mln Loan for Active-Adult Apartments in Jacksonville, Fla.
BlackRock Inc.'s HPS Investment Partners unit has provided $101 million of financing against the 308-unit RISE at Glen Kernan Park active-adult apartment property in Jacksonville, Fla. The floating-rate loan, with a three-year term that can be extended by up to...
Baltimore’s Harborplace in Line for PILOT Program
Commercial Real Estate Direct Staff Report The redevelopment of Baltimore's Harborplace within the city's Inner Harbor area got a shot in the arm in recent days, when a city agency agreed to a tax reduction for the retail property. The...
Aerospace Startup Inks 291,000-SF Industrial Lease in Kent, Wash.
Cowboy Space has agreed to occupy the entire 291,035-square-foot industrial building at 7650 South 228th St. in Kent, Wash., about 17 miles south of Seattle. The aerospace startup is leasing the property from landlord CenterPoint Properties of Oak Brook,...
Onni Secures $41.7Mln Loan for Seattle Mixed-Use Development
Puget Sound Business Journal Toronto-Dominion Bank has provided $41.7 million of financing for the development of Block V, a 1.36 million-square-foot mixed-use property in Seattle's Denny Triangle neighborhood. The financing comes after the developer, Onni Group, secured $170 million...
Taurus Buys 8-Building Industrial Park in Laredo, Texas
San Antonio Business Journal Taurus Investment Holdings has acquired Crossroads Business Park, a 412,871-square-foot industrial complex in Laredo, Texas. The Boston company did not disclose the purchase price. The seller was not immediately known. The eight-building property is near...
Crow Holdings Pays $23Mln for Trinity, Fla., Retail Center
Tampa Bay Business Journal Crow Holdings has paid $23 million, or $299.35/sf, for Trinity Village Center, a 76,834-square-foot retail center in Trinity, Fla., about 26 miles northwest of Tampa, Fla. The Dallas real estate investment firm purchased the property...
Owner of Hyatt Regency Jersey City Asks for More Time on $100Mln CMBS Loan
The venture that bought the 351-room Hyatt Regency Jersey City hotel four years ago is in talks with its CMBS lenders over a potential modification of the property's $100 million loan.
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
